Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    24 Main St Rexburg, ID 83440-1927

    • Commercial real estate
    • 1,666 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0470353
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Summit Eyecare - Rexburg / Physician
    • Dr. Jared Birch / Physician
    • Dr. Neal Guymon / Physician
    • Dr. Jay Borgholthaus / Physician
    • Neal Boyd Guymon / Physician

    Property Details for 24 Main St

    Lot size
    0.06 lot acres
    Property size
    1,666 SF
    Property type
    Commercial real estate
    APN
    RPRRXB10380410
    APU
    RPRRXB10380410

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rexburg
    County
    Madison
    State
    Idaho
    Longitude
    -111.783
    Latitude
    43.8257
    CBSA code
    39940
    CBSA name
    REXBURG, ID MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $998
    $49,100
    $41,830
    $90,930
    -
    $49,100
    $41,830
    $90,930

    Comparable in this City

    • Value Estimation by Request

      None 5000

      Commercial real estate
      None 5000, Rexburg, ID 83440
      View Details
    • Value Estimation by Request
      1.00 Acre

      4234 Unit

      Commercial real estate • 1.00 Acre
      4234 Unit, Rexburg, ID 83440
      View Details
    • Value Estimation by Request
      0.42 Acres

      3 Trappers Loop Unit

      Commercial real estate • 0.42 Acres
      3 Trappers Loop Unit, Rexburg, ID 83440
      View Details
    • Value Estimation by Request
      16.51 Acres

      Tbd Bear World Rd

      Commercial real estate • 16.51 Acres
      Tbd Bear World Rd, Rexburg, ID 83440
      View Details
    • Value Estimation by Request
      0.12 Acres

      Carlson Ave

      COMMERCIAL (GENERAL) • 0.12 Acres
      Carlson Ave, Rexburg, ID 83440
      View Details
    • Value Estimation by Request
      0.08 Acres

      171 College Ave

      COMMERCIAL (GENERAL) • 0.08 Acres
      171 College Ave, Rexburg, ID 83440-1920
      View Details

    Similar Nearby for Sale

    • $325,000
      0.43 Acres

      Prime Rexburg Parking Lot Investment

      0.43-Acre Lot, High Potential
      23 1St, Rexburg, ID 83440
      View Details
    • $3,200,000
      0.40 Acres

      Rexburg Office Complex: High ROI

      Two office buildings, high income, great location.
      1216 Stocks Ave, Rexburg, ID 83440
      View Details
    • $1,600,000
      16.51 Acres

      Prime Rexburg Commercial Land

      16 Acres, High Visibility, Hwy 20 Access
      Tbd Bear World Rd, Rexburg, ID 83440
      View Details
    • Contact for pricing
      0.20 Acres

      Rexburg Activity Space - Huge Potential

      Versatile 5000 sq ft space, ample parking.
      37 1St, Rexburg, ID 83440
      View Details
    • $425,500
      0.07 Acres

      Rexburg Commercial Space - Huge Potential

      Versatile Shop Space, Prime Location, $7500 Incentive
      2684 2000, Rexburg, ID 83440
      View Details
    • Contact for pricing
      0.06 Acres

      High-Visibility Rexburg Main Street Space

      Prime location, high traffic, versatile space.
      22 Main St, Rexburg, ID 83440
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,850 SF

      Rexburg Commercial Flex/Industrial Space

      Flex/industrial space with high traffic exposure and highway access.
      2741 S 2000 W, Rexburg, ID 83440
      View Details
    • Contact for pricing
      16,375 SF

      Rexburg Retail Center Space Available

      Retail and medical space for lease in growing Rexburg area.
      125 Valley River Dr, Rexburg, ID 83440
      View Details
    • $16 SF/Yr
      3,744 SF

      Rexburg Single-Tenant Office Building

      Functional office space with showroom, storage, and central location.
      320 N 3Rd E, Rexburg, ID 83440
      View Details
    • Contact for pricing
      3,000 SF

      Rexburg Commercial Space For Rent

      3000 sq ft commercial space south of Rexburg.
      2691 S Yellowstone Hwy, Rexburg, ID 83440
      View Details
    • Contact for pricing
      9,463 SF

      Modern Retail Space in Rexburg

      Premier retail/office space in high-visibility location, built in 2022.
      870 N 2Nd E, Rexburg, ID 83440
      View Details
    • New
      Contact for pricing
      10,501 SF

      Rexburg Office Space Available

      Office space available for lease in Rexburg, Idaho.
      346 Grand Loop, Rexburg, ID 83440
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    24 Main St
    Rexburg, ID 83440-1927
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.